Why We Like It:
The stock market refuses to correct. There is a growing chance that stocks could see some month end window dressing. If that's the case then we want to play some momentum stocks for the next few days. FDS looks like a bullish candidate. Shares broke out of their consolidation last week and have since retraced to test prior resistance as support. I'm suggesting small bullish positions now. Our first target to take profits is at $99.90.
The Point & Figure chart for FDS is bullish with a $105 target.

Why We Like It:
The action in MON last week produced a bearish reversal pattern. I am tempted to buy put options right here but I suspect the market might see one more push higher. Therefore I'm suggesting we wait and use a trigger to buy puts at $73.00. The recent high was $75.34 so we'll put our stop loss at $75.51. If triggered at $73.00 we'll target a drop to $69.00 and $66.00.

Trigger to buy PUTS @ $73.00

- Suggested Positions -

Buy the 2011 February $70 PUT (FDS1119N70) -only four weeks left

- or -

Buy the 2011 March $70 PUT (FDS1119O70)

Annotated Chart:

Entry on January xxth at $ xx.xx
Earnings Date 03/31/11 (unconfirmed)
Average Daily Volume = 6.2 million
Listed on January 24th, 2010